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Print - 2016-01-04
14 passengers burnt to death in Karak

14 passengers burnt to death in Karak

At least 14 passengers including four women were killed and six others injured when a gas cylinder explosion occurred inside a wedding party van on Indus Highway Kanda Khurram in Karak district on Sunday. According to police sources, four women were among
Published 04 Jan, 2016 12:00am
14 passengers burnt to death in Karak

14 passengers burnt to death in Karak

At least 14 passengers including four women were killed and six others injured when a gas cylinder explosion occurred inside a wedding party van on Indus Highway Kanda Khurram in Karak district on Sunday. According to police sources, four women were among
Published 04 Jan, 2016 12:00am
LNG, NHP: CCI to consider distribution issues

LNG, NHP: CCI to consider distribution issues

The Council of Common Interests (CCI) will consider gas price and distribution, issues pertaining to Liquefied Natural Gas (LNG) and net hydel profit in the upcoming meeting, Minister for Inter-Provincial Co-ordination Riaz Hussain Pirzada told Busines
Published 04 Jan, 2016 12:00am
LNG, NHP: CCI to consider distribution issues

LNG, NHP: CCI to consider distribution issues

The Council of Common Interests (CCI) will consider gas price and distribution, issues pertaining to Liquefied Natural Gas (LNG) and net hydel profit in the upcoming meeting, Minister for Inter-Provincial Co-ordination Riaz Hussain Pirzada told Busines
Published 04 Jan, 2016 12:00am
LNG, NHP: CCI to consider distribution issues

LNG, NHP: CCI to consider distribution issues

The Council of Common Interests (CCI) will consider gas price and distribution, issues pertaining to Liquefied Natural Gas (LNG) and net hydel profit in the upcoming meeting, Minister for Inter-Provincial Co-ordination Riaz Hussain Pirzada told Busines
Published 04 Jan, 2016 12:00am
Futures spread down 149 basis points

Futures spread down 149 basis points

Futures spread declined by 149 basis points (bps) to 9.41 percent during the week which ended on Friday January 1. The week under review saw trading volume averaging on 17.18 million shares, down 73.7 percent while the traded value also decreased by 64.6
Published 04 Jan, 2016 12:00am
Futures spread down 149 basis points

Futures spread down 149 basis points

Futures spread declined by 149 basis points (bps) to 9.41 percent during the week which ended on Friday January 1. The week under review saw trading volume averaging on 17.18 million shares, down 73.7 percent while the traded value also decreased by 64.6
Published 04 Jan, 2016 12:00am
Futures spread down 149 basis points

Futures spread down 149 basis points

Futures spread declined by 149 basis points (bps) to 9.41 percent during the week which ended on Friday January 1. The week under review saw trading volume averaging on 17.18 million shares, down 73.7 percent while the traded value also decreased by 64.6
Published 04 Jan, 2016 12:00am
Futures spread down 149 basis points

Futures spread down 149 basis points

Futures spread declined by 149 basis points (bps) to 9.41 percent during the week which ended on Friday January 1. The week under review saw trading volume averaging on 17.18 million shares, down 73.7 percent while the traded value also decreased by 64.6
Published 04 Jan, 2016 12:00am
Index gains 2.2 percent
Exchange

Index gains 2.2 percent

Karachi shares market ended the year''s last week on a positive note with benchmark KSE100 index rising 2.2 per cent to 33,228.95 points.
Published 04 Jan, 2016 12:00am
Index gains 2.2 percent
Exchange

Index gains 2.2 percent

Karachi shares market ended the year's last week on a positive note with benchmark KSE100 index rising 2.2 per cent to 33,228.95 points.
Published 04 Jan, 2016 12:00am
Index gains 2.2 percent
Exchange

Index gains 2.2 percent

Karachi shares market ended the year's last week on a positive note with benchmark KSE100 index rising 2.2 per cent to 33,228.95 points.
Published 04 Jan, 2016 12:00am
Punjab government claims Daesh recruiting youth

Punjab government claims Daesh recruiting youth

A report circulated by Home Department of Punjab to its attached departments has warned against the potential threat of the global terror network Daesh even though the federal government is officially denying any organised existence of the Middle East-bas
Published 04 Jan, 2016 12:00am
Punjab government claims Daesh recruiting youth

Punjab government claims Daesh recruiting youth

A report circulated by Home Department of Punjab to its attached departments has warned against the potential threat of the global terror network Daesh even though the federal government is officially denying any organised existence of the Middle East-bas
Published 04 Jan, 2016 12:00am
Saudi FM to arrive on Thursday

Saudi FM to arrive on Thursday

Saudi Foreign Minister Adel Bin Ahmed Al-Jubeir will visit Pakistan on Thursday. Earlier, he was scheduled to arrive in Islamabad on Sunday on a two-day official visit. The visit was postponed at the request of Saudi authorities. Earlier, Foreign Office S
Published 04 Jan, 2016 12:00am
Saudi FM to arrive on Thursday

Saudi FM to arrive on Thursday

Saudi Foreign Minister Adel Bin Ahmed Al-Jubeir will visit Pakistan on Thursday. Earlier, he was scheduled to arrive in Islamabad on Sunday on a two-day official visit. The visit was postponed at the request of Saudi authorities. Earlier, Foreign Office S
Published 04 Jan, 2016 12:00am
THE RUPEE: all-round gains
Exchange

THE RUPEE: all-round gains

All-round gains witnessed on the money market as the rupee managed to pick up versus the dollar during the week-ended on January 2, 2016. In the interbank market, the rupee appreciated by 20 paisas in relation to the dollar for buying and selling at Rs 10
Published 04 Jan, 2016 12:00am
THE RUPEE: all-round gains
Exchange

THE RUPEE: all-round gains

All-round gains witnessed on the money market as the rupee managed to pick up versus the dollar during the week-ended on January 2, 2016. In the interbank market, the rupee appreciated by 20 paisas in relation to the dollar for buying and selling at Rs 10
Published 04 Jan, 2016 12:00am
Indian consulate under attack in Afghan city

Indian consulate under attack in Afghan city

Explosions and gunfire rang out late Sunday as militants tried to storm the Indian diplomatic mission in a northern Afghan city, officials said, in the latest assault on an Indian installation. The attack on the consulate in Mazar-i-Sharif comes after Pri
Published 04 Jan, 2016 12:00am
Indian consulate under attack in Afghan city

Indian consulate under attack in Afghan city

Explosions and gunfire rang out late Sunday as militants tried to storm the Indian diplomatic mission in a northern Afghan city, officials said, in the latest assault on an Indian installation. The attack on the consulate in Mazar-i-Sharif comes after Pri
Published 04 Jan, 2016 12:00am
Rs 100 billion collection through tax amnesty likely

Rs 100 billion collection through tax amnesty likely

The government has estimated a Rs 100 billion collection from the voluntary tax compliance scheme, highly placed sources in Federal Board of Revenue told Business Recorder here on Saturday.
Published 04 Jan, 2016 12:00am
Rs 100 billion collection through tax amnesty likely

Rs 100 billion collection through tax amnesty likely

The government has estimated a Rs 100 billion collection from the voluntary tax compliance scheme, highly placed sources in Federal Board of Revenue told Business Recorder here on Saturday.
Published 04 Jan, 2016 12:00am
Rs 100 billion collection through tax amnesty likely

Rs 100 billion collection through tax amnesty likely

The government has estimated a Rs 100 billion collection from the voluntary tax compliance scheme, highly placed sources in Federal Board of Revenue told Business Recorder here on Saturday.
Published 04 Jan, 2016 12:00am
Saudi Arabia severs ties with Iran

Saudi Arabia severs ties with Iran

Foreign Minister Adel al-Jubeir announced Sunday that Saudi Arabia was severing diplomatic ties with Iran after demonstrators stormed its Tehran embassy to protest against Riyadh's execution of a Shia cleric. Jubeir also said that all Iranian diplomats mu
Published 04 Jan, 2016 12:00am
Saudi Arabia severs ties with Iran

Saudi Arabia severs ties with Iran

Foreign Minister Adel al-Jubeir announced Sunday that Saudi Arabia was severing diplomatic ties with Iran after demonstrators stormed its Tehran embassy to protest against Riyadh's execution of a Shia cleric. Jubeir also said that all Iranian diplomats mu
Published 04 Jan, 2016 12:00am
The Weather

The Weather

The weather report on Sunday (December 27, 2015) and the forecast for Monday (December 28, 2015).

Published 04 Jan, 2016 12:00am
Your rupee last week
Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (December 28 to 31 2015).

Published 04 Jan, 2016 12:00am
Ruet body meeting on January 10

Ruet body meeting on January 10

Chairman Central Ruet-e-Hilal Committee Mufti Muneebur Rehman will chair the meeting of Sindh Zonal Ruet-e-Hilal Committee for sighting the Rabi-us-Sani moon, fourth month of the Islamic calendar, on January 10. The meeting will be held at Pakistan Meteor
Published 04 Jan, 2016 12:00am
Child dies as mild tremor jolts Malakand region

Child dies as mild tremor jolts Malakand region

A child died after coming under the debris of wall due tremor of 2.5 magnitude at richter scale jolted Swat, Shangla, Malakand and other adjacent areas on Sunday. Feeling the earthquake, terrified people come out of their houses and buildings reciting ver
Published 04 Jan, 2016 12:00am
Prices of essential kitchen items remain stable

Prices of essential kitchen items remain stable

Prices of essential kitchen items remained stable as no significant change or increase witnessed during the preceding week as compared to last week, according to survey conducted by Business Recorder here on Sunday.
Published 04 Jan, 2016 12:00am
Export of precious, semi-precious stones fetches $7.846 million

Export of precious, semi-precious stones fetches $7.846 million

The exports of precious and semi-precious stones have contributed around US $7.846 million to national kitty during one year (July, 2014 to June, 2015). As per information provided by Trade Development Authority of Pakistan (TDAP) here on Sunday, it is ex
Published 04 Jan, 2016 12:00am
DRCs settle 528 disputes, refer 35 to relevant forums

DRCs settle 528 disputes, refer 35 to relevant forums

The Dispute Resolution Councils (DRCs) have successfully settled 528 petty disputes during the last month throughout Khyber Pakhtunkhwa and referred 35 cases to other relevant forums for legal action.
Published 04 Jan, 2016 12:00am
Eradication of polio: different stakeholders join hands

Eradication of polio: different stakeholders join hands

Federal, provincial governments, world health agencies, political parties and clerics Sunday joined hands for waging a joint battle for the eradication of the crippling disease of polio.
Published 04 Jan, 2016 12:00am
Three of a family die of suffocation

Three of a family die of suffocation

Three members of the same family including husband, wife and their minor daughter died of suffocation due to gas cylinder leakage in Livelonai, village of Alpuri, district Shangla. The male victim, Physiotherapist, Dr. Mujeeb Shah have returned from the s
Published 04 Jan, 2016 12:00am
Security man injured in roadside blast

Security man injured in roadside blast

A soldier was injured after a roadside bomb targeting an army convoy went off near Islamabad-Peshawar Motorway toll plaza on Sunday morning. An improvised explosive device (IED), planted near the Islamabad-Peshawar Motorway toll plaza went off when an arm
Published 04 Jan, 2016 12:00am
ANP seeks action against Imran

ANP seeks action against Imran

This is apropos 'Taliban leader's treatment: ANP seeks action against Imran' carried by Business Recorder on Saturday. According to it, Awami National Party (ANP) has demanded that Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan should be tried
Published 04 Jan, 2016 12:00am
Police brutality in US sparks trend to equip officers with cameras

Police brutality in US sparks trend to equip officers with cameras

There is growing recognition in the United States that the country has a real problem with police violence. An estimated 965 suspects were killed by police in 2015, according to the Washington Post. The shockingly high number, which compares with single-d
Published 04 Jan, 2016 12:00am
Refugee crisis could shake up German political landscape in 2016

Refugee crisis could shake up German political landscape in 2016

For the past decade, German politics has been a relatively dull affair, with Angela Merkel dominating at the national level and the major parties in agreement on all the big issues, from euro zone bailouts and refugees to the phase-out of nuclear energy.
Published 04 Jan, 2016 12:00am
2015: the year of 'accountant'

2015: the year of 'accountant'

I declare 2015 the Year of the Accountant. All stakeholders including politicians, members of the establishment, and the economic team were engaged in balancing their books with some distinctions: the politicians opted for what they perceived as decisions
Published 04 Jan, 2016 12:00am
Rise in 'encounter' killings

Rise in 'encounter' killings

The Karachi Police's year-end report card for the law and order operations shows a deeply disturbing increase in the number of suspects killed in police and Rangers 'encounters'. According to official figures, as many as 925 suspects were killed in 'encou
Published 04 Jan, 2016 12:00am
Amnesty must lead to raise number of filers
Exchange

Amnesty must lead to raise number of filers

Not only is the 'block' that constitutes honest taxpayers plausibly angry at the 'amnesty' granted to traders under the Voluntary Tax Filing Scheme (VTFS), country's political opposition has also strongly reacted to the government's controversial move. Ne
Published 04 Jan, 2016 12:00am
Man charged after car attack on French soldiers

Man charged after car attack on French soldiers

A Frenchman of Tunisian origin was charged on Sunday with attempted homicide after he tried to run down troops guarding a mosque in the south-eastern town of Valence, a prosecutor said.
Published 04 Jan, 2016 12:00am
Catalan separatist drive halted as Mas fails to form government

Catalan separatist drive halted as Mas fails to form government

Catalan separatists on Sunday appeared incapable of forming a government following intractable divisions over the identity of the region's future president in a move likely to trigger fresh elections. The crisis came to a head after a far-left Catalan sep
Published 04 Jan, 2016 12:00am
US condemns Kagame move to run for third term as Rwanda president

US condemns Kagame move to run for third term as Rwanda president

The United States hit out Saturday at Rwandan President Paul Kagame's intention to run for a third term, saying it was "deeply disappointed" and concerned by the move. Washington and the European Union have consistently expressed strong opposition to Kaga
Published 04 Jan, 2016 12:00am
US militia occupy wildlife park headquarters in rancher row

US militia occupy wildlife park headquarters in rancher row

A group of US militiamen reportedly angered by the jailing of two ranchers occupied the headquarters of a federal wildlife reserve in Oregon on Saturday, local authorities said. The militiamen took over the facility following a rally earlier in the day fo
Published 04 Jan, 2016 12:00am
Independent takes commanding lead in Central Africa presidential race

Independent takes commanding lead in Central Africa presidential race

Independent candidate Faustin Archange Touadera took a commanding lead in the Central African Republic's presidential race on Sunday, garnering more than 23 percent of the vote with a quarter of the ballots counted, electoral officials said. The former pr
Published 04 Jan, 2016 12:00am
Protests in Hong Kong over 'pro-Beijing' university appointment

Protests in Hong Kong over 'pro-Beijing' university appointment

Large crowds protested in Hong Kong on Sunday after a pro-Beijing official was appointed to a senior role at the main university, as fears grow over what critics see as political interference in the city's education system.
Published 04 Jan, 2016 12:00am
Sweden could take in more migrants

Sweden could take in more migrants

Sweden could accept greater numbers of migrants if they were distributed more evenly across the country, a government official said Sunday.
Published 04 Jan, 2016 12:00am
Mother killed by mortar fire in curfew-hit Turkish city

Mother killed by mortar fire in curfew-hit Turkish city

A mother of three was killed on Sunday when a mortar shell hit her apartment in a city in Turkey's Kurdish-majority south-east that has been under curfew for a month. Melek Alpaydin, 38, was eating breakfast when the shell hit her apartment in the Sur dis
Published 04 Jan, 2016 12:00am
Turkey rescues 57 migrants 'stranded on islet'

Turkey rescues 57 migrants 'stranded on islet'

Turkish coastguards rescued 57 migrants seeking to reach EU member Greece by sea after they were stranded on a rocky islet in the Aegean Sea, official media said Sunday. The migrants were trying to reach the Greek island of Lesbos but their boat hit troub
Published 04 Jan, 2016 12:00am
Indus River dolphin facing multiple threats: WWF-Pakistan

Indus River dolphin facing multiple threats: WWF-Pakistan

'Habitat of the Indus River dolphin, currently reduced to one-fifth of its historical range, is degraded primarily due to shortage of water caused by its diversions to meet the growing agricultural needs in country'.
Published 04 Jan, 2016 12:00am
Three killed in firing incidents

Three killed in firing incidents

At least three persons were killed in separate incidents of firing, while Rangers arrested nine suspects in different operations in the city on Sunday. According to police sources, some unidentified assailants gunned down a man in Defence area. The victim
Published 04 Jan, 2016 12:00am
Nato/Isaf consignments' seizure puts Customs in awkward position

Nato/Isaf consignments' seizure puts Customs in awkward position

The Customs department's audaciousness in establishing pilferage of Nato/Isaf consignments against two logistics companies/bonded warehouses has put itself in an awkward position following the US Department of Defence reportedly declared that the companie
Published 04 Jan, 2016 12:00am
Seeking rights no sin, says PPP leader

Seeking rights no sin, says PPP leader

Advisor to the Sindh Chief Minister on Information Maula Bakhsh Chandio on Sunday said there was no sin in seeking rights and facilities and we would get rights of Sindh by talking to the federation.
Published 04 Jan, 2016 12:00am
KP industrialists hail industrial policy 2016

KP industrialists hail industrial policy 2016

The industrial community of Khyber Pakhtunkhwa have pinned hopes on the newly Industrial Policy 2016 announced by the PTI led coalition government in the province. The provincial government of Khyber Pakhtunkhwa in the industrial policy 2016 has offered i
Published 04 Jan, 2016 12:00am
HCCI concerned over delay in removal of encroachments

HCCI concerned over delay in removal of encroachments

Hyderabad Chamber of Commerce and Industry (HCCI) president Goharullah and members of the chamber have made an appeal to Sindh governor, Sindh chief minister, provincial secretary of local bodies and DG Rangers to remove encroachments over allotted plot o
Published 04 Jan, 2016 12:00am
Protest held in Hyderabad

Protest held in Hyderabad

Majlis-e-Wahdat-e-Muslimeen (MWM) Hyderabad activists with other Shia organisations including women and children staged a protest sit-in on Sunday against execution of Shia cleric Nimr al-Nimr and others in Saudi Arabia. They shouted slogans against Al-Sa
Published 04 Jan, 2016 12:00am
Thousands protest against execution

Thousands protest against execution

Thousands of Shias protested in Pakistan and Indian held Kashmir Sunday to condemn Saudi Arabia's execution of a leading cleric Nimr al-Nimr, as fury over the killing spread. Peaceful protests were held across Pakistan, including in Quetta where about 1,0
Published 04 Jan, 2016 12:00am
Asthma rate stops climbing in US kids

Asthma rate stops climbing in US kids

Childhood asthma rates appear to have stopped rising among many US groups, but not among the poorest kids or children aged 10 and older, a study suggests.
Published 04 Jan, 2016 12:00am
Type 2 diabetes increases dementia risk

Type 2 diabetes increases dementia risk

People with type 2 diabetes are at higher risk for dementia in general. And for one form, called vascular dementia, diabetes brings more risk to women than men, according to a new review. The most common cause of dementia is Alzheimer's disease, which is
Published 04 Jan, 2016 12:00am
Allergies may boost chances of anxiety, depression symptoms

Allergies may boost chances of anxiety, depression symptoms

Kids who have allergies at an early age are more likely than others to also have problems with anxiety and depression, according to a new study. As the number of allergies increase, so do internalising behaviour scores, the researchers found.
Published 04 Jan, 2016 12:00am
Freak heatwave pushes winter North Pole above freezing

Freak heatwave pushes winter North Pole above freezing

Temperatures at the North Pole rose above freezing point on December 30, 20 degrees Celsius above the mid-winter norm and the latest abnormality in a season of extreme weather events.
Published 04 Jan, 2016 12:00am
Stand by for virtual-reality fun - new headsets are just months away

Stand by for virtual-reality fun - new headsets are just months away

Virtual reality (VR), which has long promised to allow users to immerse themselves in virtual worlds, is at last ready for the big time. After years of development, several rival VR headsets will be hitting the shops in the coming months. Then it will bec
Published 04 Jan, 2016 12:00am
Facebook founder urges free Internet in India
Kerb

Facebook founder urges free Internet in India

Facebook founder Mark Zuckerberg urged India Monday to approve a controversial plan that would provide a free Internet service to the poor, his latest bid amid an escalating row with authorities. The head of the social network tried to drum up support for
Published 04 Jan, 2016 12:00am
Adobe updates flash amid exploit fears

Adobe updates flash amid exploit fears

US software maker Adobe on Monday released security updates for its Flash video player amid ongoing concerns about security holes that could let hackers in. Adobe said it was aware of a report of "limited, targeted attacks" against unprotected versions of
Published 04 Jan, 2016 12:00am
Amazon adds 3 million Prime subscribers

Amazon adds 3 million Prime subscribers

US online giant Amazon says it added three million customers to its Prime subscription service world-wide in the third week of December as it capped a record holiday season. Prime, which costs $99 a year in the United States, gives members fast shipping o
Published 04 Jan, 2016 12:00am
US boosting broadband speed, but growth uneven

US boosting broadband speed, but growth uneven

Americans are generally getting much faster Internet speeds than a few years ago, but growth is uneven depending on the type of connections, a government report said Wednesday. The Federal Communications Commission said average download speeds tripled fro
Published 04 Jan, 2016 12:00am
Google Maps & Search monitoring us in order to obtain store peak hours

Google Maps & Search monitoring us in order to obtain store peak hours

Why do you always seem to be shopping at the same time as everyone else? The latest updates to Google's Search and Maps apps can help show iOS users when certain shops are busiest. More than a million locations around the world are included in the "popula
Published 04 Jan, 2016 12:00am
New data shows iOS 9 running on 70 percent of Apple mobile devices

New data shows iOS 9 running on 70 percent of Apple mobile devices

Seven out of 10 active iPhones, iPods and iPads are using the iOS 9 operating system, according to figures Apple has published about its App Store. Apple said the ninth incarnation of the mobile operating system has spread to users faster than any previou
Published 04 Jan, 2016 12:00am
Never pay ransom-ware extortionists, anti-crime agency says

Never pay ransom-ware extortionists, anti-crime agency says

An increasingly common scam by online fraudsters is to smuggle programmes onto a person's computer which encrypt the victim's personal files. In order to regain access to the files, the fraudsters demand that the victim pay money via anonymous payment ser
Published 04 Jan, 2016 12:00am
Smartphone encryption can slow Android down, test shows

Smartphone encryption can slow Android down, test shows

Encryption technology is becoming more common on smartphones - indeed, on the iPhone it's standard issue for mail, photos, calendars, contacts and text messages - but the extra privacy can come at the cost of speed for Android users, reports a German maga
Published 04 Jan, 2016 12:00am
Windows Phone 8 users won't get Windows 10 until early 2016

Windows Phone 8 users won't get Windows 10 until early 2016

Users of older Lumia smartphones with Windows Phone 8 or 8.1 operating systems must continue to wait on Windows 10. Microsoft announced in December that devices will not be equipped with the new software until "early next year," but was not specific about
Published 04 Jan, 2016 12:00am
Exxon closes Memphis, Tennessee, terminal on flood risk

Exxon closes Memphis, Tennessee, terminal on flood risk

Exxon Mobil Corp shut its 340,571 barrel-per-day refined products terminal along the Mississippi River in Memphis, Tennessee, as floodwaters threatened to inundate the facility just south of the city's downtown, a company spokesman said on January 01.
Published 04 Jan, 2016 12:00am
Amazon donates profits from far-right anthem to refugees

Amazon donates profits from far-right anthem to refugees

Online retail giant Amazon said on December 31 that it will donate the profits from the online purchase of a tune released by the far-right anti-migrant PEGIDA movement to refugees in Germany. Entitled "Gemeinsam sind wir stark" - German for "Together we
Published 04 Jan, 2016 12:00am
SocGen to shut India equities research desk

SocGen to shut India equities research desk

Societe Generale, France's second-biggest bank by market value, will shut its equities research desk in India as part of the bank's internal reorganisation, a spokeswoman said on December 31. The Mumbai-based India equities research desk employed four peo
Published 04 Jan, 2016 12:00am
DuPont to cut 1,700 jobs in Delaware

DuPont to cut 1,700 jobs in Delaware

Chemical maker DuPont Co said it will cut 1,700 jobs in Delaware, as part of a plan to reduce its workforce by 10 percent before its proposed merger with Dow Chemical Co. The job cuts will be in the beginning of 2016, DuPont Chief Executive Ed Breen said
Published 04 Jan, 2016 12:00am
DuPont to cut 1,700 jobs in Delaware

DuPont to cut 1,700 jobs in Delaware

Chemical maker DuPont Co said it will cut 1,700 jobs in Delaware, as part of a plan to reduce its workforce by 10 percent before its proposed merger with Dow Chemical Co. The job cuts will be in the beginning of 2016, DuPont Chief Executive Ed Breen said
Published 04 Jan, 2016 12:00am
Airbus delays first A320neo delivery until 2016

Airbus delays first A320neo delivery until 2016

European planemaker Airbus has pushed back the delivery of its first A320neo aircraft by "a few days", a spokesman said on December 29, missing a goal to hand over the revamped version of the jet to its initial customer by the end of 2015.
Published 04 Jan, 2016 12:00am
JP Morgan to raise deposit rates for some big clients in Jan: WSJ

JP Morgan to raise deposit rates for some big clients in Jan: WSJ

JP Morgan Chase & Co will begin raising deposit rates for some of its biggest clients in January, the Wall Street Journal reported, citing a person familiar with the matter. The bank's deposit-rate increase will affect most institutional clients and the s
Published 04 Jan, 2016 12:00am
China regulator warns insurers over risks from stock buying spree

China regulator warns insurers over risks from stock buying spree

China's insurance companies face rising risks from their investments in the country's volatile stock markets, a top regulatory official said on December 29, in a warning shot amid a raft of equity deals by insurers seeking higher returns.
Published 04 Jan, 2016 12:00am
Ronaldo wants to 'live like a king' in retirement

Ronaldo wants to 'live like a king' in retirement

World Player of the Year Cristiano Ronaldo has claimed he will "live like a king" once his playing career comes to an end, but has ruled out a move into coaching when he hangs up his boots. Real Madrid's all-time leading scorer is in action on Sunday as L
Published 04 Jan, 2016 12:00am